Implant Sciences filed with the U.S. Bankruptcy Court a First Amended Chapter 11 Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement, “The Plan provides for the substantive consolidation of the Debtors and provides for (i) the unimpairment and/or payment, in full, of all Allowed priority, administrative, secured, general unsecured claims, and…

The U.S. Bankruptcy Court issued an order (i) scheduling A.M. Castle & Co.’s combined hearing to consider (a) adequacy of the Disclosure Statement, (b) confirmation of the Prepackaged Plan of Reorganization and (c) the assumption of executory contracts and cure amounts; (ii) fixing the deadlines to object to the Disclosure Statement, Prepackaged Plan and proposed…

The U.S. Bankruptcy Court approved SunEdison’s motion for an order authorizing and approving is entry into a transition services agreement with Terraform Power, regarding transition of a portion of the Terraform Power, regarding the transition of a portion of the Global Asset Management North American business unit (GAM Business). As previously reported, “A significant portion…

Multiple parties – including Mutual Fund Group and the Puerto Rico Funds, National Public Finance Guarantee, Ambac Assurance and the COFINA Senior Bondholders’ Coalition – filed with the U.S. Bankruptcy Court separate objections to the Commonwealth of Puerto Rico’s motion for an order approving procedures to resolve the Commonwealth-COFINA dispute. The Mutual Fund Group and…

The U.S. Bankruptcy Court approved Katy Industries’ motion for entry of orders (i) approving and authorizing bidding procedures in connection with the sale of substantially all assets, approving stalking horse protections, approving procedures related to assumption and assignment of certain executory contracts and unexpired leases and (ii) approving and authorizing sale of substantially all of…

The U.S. Bankruptcy Court issued an amended order directing U.S. Trustee to appoint a health care ombudsman for the Adeptus Health case. The amended order states, “The Court is of the opinion that the appointment of a patient care ombudsman is warranted. If a sale closes after entry of an order approving the sale of…

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